21 - Group statements of cash flows.

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问题 English 答案 English
A SoCFs enables users of FSs to assess the ........ of a business.
3
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liquidity | solvency | financial adaptability
Cash consists of ... and ... less... This includes...
4 | CFs
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Cash consists of Cash in hand and Deposits repayable upon demand less overdraft.*
*This includes cash in held in a foreign currency.
Cash equivalents definition:
3cz
by IAS 7
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'short term, highly liquid investments | that are readily convertible to known amounts of cash| and are subject to an insignificant risk of changes in value'
For example short-term government bonds with a maturity date of three months or less.
Remeasurement Component (RC) treatment in SCF with short explanation.
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Ignore it as it is neither a CF nor an expense to operating profits.
IAS 7 allows 'cash generated from operations' to be presented in one of two ways:
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Indirect method, | Direct method.
Indirect method definition.
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This starts with profit before tax | and adjusted it to remove the effect of non-cash transactions | and transactions that relate to investing or financing activities.
Direct method definition.
1+3examples
IAS 7 encourages the use of the direct method.
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This shows OPERATING cash receipts and payments
such as cash receipts from customers | cash payments to suppliers| and cash payments to employees.
Acquisition and disposals. The figure shown in the SoCFs is the net figure of two items:
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The cash spent on the purchase of received on the sale of the subsidiary. | The cash balances acquired or disposed of the subsidiary.
The impact of SUBSIDIARY acquisitions and disposal will need to be factored into workings throughout.
Dividends from associates. To find the dividend - reconcile the opening and closing balance of...
SoCFs
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of investment in associate.
proforma p. 145.
Dividends paid to NCIs. Reconcile the opening to closing balance and the ... is the balancing figure.
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the cash dividend paid
proforma p. 146.
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